STORY OF THE DAY
Belgrade’s residential market sees record activity

Story of the week

News Belgrade’s residential market sees record activity
06
Feb
2023

Belgrade’s residential market sees record activity

by Property Forum
Belgrade’s residential market recorded a quarterly transaction volume of €826.4 million in Q4 2022, the highest on record, local real estate consultancy Cordon reports.
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Residential

News Budapest housing Hungary residential
07
Feb
2023

Huge plot changes hands in the suburbs of Budapest

by Property Forum
Prime residential developments will start in this 13-hectare territory in Pilisborosjenő, 7 km northwest of the capital. OC Investment Solutions assisted with the deal, portfolio. hu reports.
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YIT approves new residential project in Prague 8 Karlín Group approves Prague resi project Resi rent prices in Romania up 8.7% in 2022

Industrial

News brownfield Newmark Poland warehouse
07
Feb
2023

Warehouse development is accelerating in brownfields in Poland

by Property Forum
Building warehouses at post-industrial sites is more difficult and complicated than greenfield projects. It takes more time and money. Brownfield sites are, however, an excellent alternative for developers facing a shortage of land. Brownfield redevelopment is also aligned with sustainability and urban renewal, say Jakub Kurek, Head of Industrial and Warehouse, Newmark Polska, and Michał Rafałowicz, Regional Director, Newmark Polska.
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Kajima Poland to redevelop City Point Targówek in Warsaw Emons significantly expands Czech logistic network Budapest Airport to continue development projects in 2023

Investment

News Brno brownfield Czech Republic housing office redevelopment residential UDI
07
Feb
2023

UDI Group to invest CZK 3 billion in Brno

by Tumova Vera
The UDI Group has acquired an industrial site in Brno in January, which it will operate for the time being while preparing for future redevelopment. At the moment, the plan is to build offices and hotel-type accommodations. If the city changes the zoning plan, as it seeks to do, the developer's final project may change to reflect this.  Construction would be done in phases, with the first phase to begin within two years. The developer announced the acquisition without disclosing the transaction price.
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Patron Capital and 7R sell warehouse project near Szczecin Prime yields to remain under upside pressure in Romania Trigea buys City Logistics Wrocław II

Retail

News brand Cushman&Wakefield Czech Republic Prague retail
06
Feb
2023

Victoria's Secret enters the Czech market

by Property Forum
Victoria's Secret's first "real" Czech store - so far an outlet has only operated at Prague's airport - is to open in Prague’s Westfield Chodov shopping centre in May this year, Cushman & Wakefield announced.
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Poland's retail market closes stable year in 2022 Cushman & Wakefield takes over Prague shopping centre

Report

News Bonard Europe PBSA report student housing
03
Feb
2023

PBSA sector closes another strong year

by Property Forum
The PBSA sector has registered another strong year with occupancy rates and rents rising,  according to the newly released Student Housing Annual Report by Bonard. While soaring inflation, interest rates and rising costs in the last quarter of 2022 have slowed down investment transactions, the overall outlook is positive and experts expect the sector to keep growing in the next two years.
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Slovakia's industrial market remains resilient Property investments in Europe to resume growth trend in H2 2023 European construction industry continues recovery

Office

News Bratislava BRF office report Slovakia
02
Feb
2023

Renegotiations drive Bratislava's office market

by Property Forum
Lease transactions in the Bratislava office market in the fourth quarter of 2022 reached a total area of 54,532 sqm, which represents around a 41% increase in leasing activity compared to the previous quarter, the Bratislava Research Forum reports.
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Passerinvest secures pre-leases for Prague office project Pedro Construct completes office building in Bucharest Prague records 44% higher demand for offices in Q4 2022

Career

News Bogdan Nicoara Bright Spaces MENA Mike Hapoianu proptech Romania
02
Feb
2023

Bright Spaces names new Regional Manager

by Property Forum
Romanian proptech company BrightSpaces has appointed Mike Hapoianu as MENA Regional Manager as part of the firm’s expansion strategy. 
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Law firms bnt and BSJP merge in Poland Nusco Imobiliara names new Development Director Cushman & Wakefield enlarges team in Prague

Interview

News Duna House Hungary interview Poland residential
02
Feb
2023

Residential markets in CEE need further state push to recover

by Property Forum
There are several factors which put a break on the revival of the housing markets. Property Forum asked Guy Dymschiz, Co-Founder and Co-CEO of Duna House Group, active in Hungary and Poland, about the necessary steps from the states and the developers to overcome the mounting difficulties.
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Poland's PRS market is currently in a very difficult situation “Green concrete” can save nature and support the circular economy The balance between work and home life has never been more visible

Hotel

News Accor development hotel SEE Serbia Swissôtel
31
Jan
2023

Accor signs Swissôtel Kopaonik in Serbia

by Property Forum
Accor is expanding its portfolio in South-East Europe with the signing of Swissôtel Kopaonik in Serbia. In partnership with KOP2020 DOO, the premium hotel brand will welcome its first guests just in time for the 2024-2025 winter season. 
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Marriott International signs new property in Croatia Accor adds 5,476 rooms in Eastern Europe in 2022

Economy

News economy food Hungary inflation services
13
Jan
2023

Inflation hits record high in Hungary last year

by Property Forum
Consumer prices were 24.5% higher on average in December 2022 than a year earlier which is a new record, compared to the last decade. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. Prices increased by 14.5% on average in 2022 compared to the previous year, Hungarian Central Statistical Office reports. 
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Foster + Partners to design new CPK airport in Poland Bulgaria to focus on increasing energy efficiency

New leases

  • Szerémi Office Building in Budapest welcomed an unnamed new tenant which has signed a long-term lease agreement for 1252 sqm of space in the property. The complex of three interconnected buildings provides a total floor space of nearly 10,500 sqm.
  • Kucera Logistics Group Sp. z o.o Sp. K. has decided to open a new distribution centre at Panattoni Park Pruszków V. The tenant will occupy nearly 3,300 sqm of warehouse and office space in the new location. AXI IMMO represented Kucera Logistics Group in the transaction.
  • In the Go! Park Handlowy in Jasło, Poland, Dealz will open its shop. The chain's premises will occupy 520 sqm. The retail park is scheduled to open in June 2023.

New appointments

  • Daniel Cateliu has been appointed as Director in the Industrial & Logistics department of real estate consultancy CBRE Romania. He is currently pursuing an EMBA at the University of Sheffield in the UK. Cateliu is a graduate of the Faculty of Political Sciences within the SNSPA, subsequently following a master's program and earning an Erasmus scholarship at the University of Trieste in Italy.
  • Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
  • Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.

Latest news




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